Defi Hacks Remain a Major Threat Despite 50% Decline in 2023: Halborn

Off-chain hacks, like private key theft, are increasing and accounted for 57.5% of the funds stolen in 2023, while on-chain hacks like smart contract exploitation are prevalent.

21% of hacked protocols used multi-sig wallets, and most hacks occurred on unaudited protocols; lack of input verification in smart contracts is a major cause of losses.

Read at Coindesk